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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

CDSL-Closure of Demat Accounts Initiated by Beneficial Owner

12-Jun-2025 | CDSL/OPS/DP/POLCY/2025/395

CDSL has issued a communiqu? regarding the closure of demat accounts initiated by the beneficial owner, outlining the guidelines for this process. As per this communiqu?, the Maker-Checker facility is now available for processing closure requests initiated by the beneficial owner (BO). According to the circular, any closure request received by the Depository Participant (DP) will require a Maker-Checker process to be conducted by the respective DP. Once the Maker completes the closure request, the account status will change to "Requested for Closure" and will be sent to the Checker for approval. After authorization, the status will update to "To Be Closed." At the end of the day, accounts marked as "To Be Closed" will be updated to "Closed" if there are no holdings in the demat account. If there are any holdings remaining, the status will remain "To Be Closed." For more information, please refer to the attached document.

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